Folio Magazine reports that American Lawyer Media has…
Closed four regional real Estate titles and cut the group workforce by a third.
They write:
American Lawyer Media?s Real Estate Media Group has folded its four regional magazines: Real Estate Florida, Real Estate New Jersey, Real Estate New York and Real Estate Southern California. The December issues will be their last.
Instead, ALM will roll the editorial content from those magazines into two new sections of Real Estate Forum, the Real Estate group?s flagship title. The new sections will be called NewsFront and ForumLocal.
ALM said it attributed the closings to poor economic conditions, reader feedback and market constraints. Twelve staffers were laid off as a result of the closings, representing more than a third of the overall Real Estate Media Group (which employed 35 workers before the cuts). ALM employs more than 800 people company-wide.
Full Story at http://www.foliomag.com/2009/alm-closes-four-regional-real-estate-titles
